The housing market in 52404 Cedar Rapids, IA is very attractive to potential buyers. The median value of a home in the area is $170,000, which is significantly lower than the US median value of $338,100. Over the past year, homes in 52404 have appreciated by 6.57%, while the national rate of appreciation was 8.27%. This difference in appreciation rate indicates that there may be some room for further price growth in 52404 Cedar Rapids, IA. With its attractive prices and good prospects for continued appreciation, this area makes a great choice for any homebuyer looking for a good investment opportunity.
The median home cost in Cedar Rapids (zip 52404) is $170,000. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Cedar Rapids (zip 52404) is up 10.5%.
Average Age of Homes
- The median age of Cedar Rapids (zip 52404) real estate is 38 years old
The Rental Market in Cedar Rapids (zip 52404)
- Renters make up 31.6% of the Cedar Rapids (zip 52404) population
- 4.9% of houses and apartments in Cedar Rapids (zip 52404), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.